SEOUL NATIONAL UNIVERSITY FOUNDATION INC

EIN: 262615329 501(c)(3) Education

FORT LEE, NJ

Total Revenue
$3,997,460
Total Expenses
$3,537,643
Total Assets
$6,828,656
Net Assets
$6,823,656
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
NY
Principal Officer
MANUEL M LEE
Phone
2127689144
Tax Period
2023-01-01 to 2023-12-31

SEOUL NATIONAL UNIVERSITY FOUNDATION INC, founded in 2008, is a community nonprofit in the Education sector that reported $4.0M in total revenue in fiscal year 2023. Revenue surged 307% from the prior year, signaling strong growth momentum. Expenses of $3.5M left a modest 12% surplus.

Mission

TO BE CONTRIBUTORY FOR EDUCATIONAL ASSISTANCES. TO CONDUCT CHARITABLE ACTIVITIES. TO SUPPORT DEVELOPMENT OF SEOUL NATIONAL UNIVERSITY AND ITS AFFILIATES.

Program Service Accomplishments

Program 1
Expenses: $3,449,907

TO ENCOURAGE EDUCATION AND EDUCATIONAL EXCELLENCE THROUGH SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO STUDENTS, INSTITUTIONS AND OTHER ORGANIZATIONS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,880,660
Program Service Revenue $0
Investment Income $116,800
Other Revenue $0
TOTAL REVENUE $3,997,460

Expense Breakdown

Grants Paid $3,449,907
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,449,907
Other Expenses $87,736
TOTAL EXPENSES $3,537,643

Year-over-Year Comparison

2023 2022 Change
Revenue $3,997,460 $981,840 +3.1%
Expenses $3,537,643 $1,264,389 +1.8%
Net Income $459,817 $-282,549 -2.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
2

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✓ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MANUEL M LEE PRESIDENT 10.00
Officer
$0 $0 $0
SEUNG JA LEE DIRECTOR N/A
Director
$0 $0 $0
JONG CHUL HAN DIRECTOR N/A
Director
$0 $0 $0
JOON CHAE DIRECTOR N/A
Director
$0 $0 $0
HYUNG JOON CHO DIRECTOR N/A
Director
$0 $0 $0
JOONHO KANG DIRECTOR N/A
Director
$0 $0 $0
JOO KYUNG SUNG DIRECTOR N/A
Director
$0 $0 $0
ILKYU HAN DIRECTOR N/A
Director
$0 $0 $0
HAK RYANG CHUNG DIRECTOR N/A
Director
$0 $0 $0
BYUNG CHUL KANG DIRECTOR N/A
Director
$0 $0 $0
JE KYUNG SUNG DIRECTOR N/A
Director
$0 $0 $0
WON HO PARK DIRECTOR N/A
Director
$0 $0 $0
HOON MYUNG DIRECTOR N/A
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $3,997,460 $3,537,643 $6,828,656 $459,817
2022 $981,840 $1,264,389 $5,692,507 $-282,549
2021 $3,716,699 $2,276,698 $6,845,557 $1,440,001
2020 $2,748,857 $1,918,727 $5,141,735 $830,130
2019 $1,221,973 $925,299 $4,013,812 $296,674
2018 $837,920 $964,301 $3,714,638 $-126,381
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